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PoliticsGreek Politics
Early details show energy emergency plan facing practical challenges As Greek authorities prepare for pan-European natural gas shortages in the coming months, the regulator’s national emergency plan offers a glimpse of the cost and effort that will be required to keep the lights on this winter.
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PoliticsGreek Politics
Government attempts to offer reassurance against winter energy shortages Greece is well placed to manage interruptions to natural gas supplies in the coming months, according to Energy Minister Kostas Skrekas, who chaired a crisis meeting with senior figures in the energy sector on Monday.
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EconomyMacroeconomy
High energy prices fuel uncertainty on fiscal front The energy crisis fuelled by the Ukraine conflict will dominate the attention of Finance Ministry officials in the coming months as uncertainty over supplies during the winter has been priced into natural gas prices, which have reached 160 euros/MWh, creating doubts about the cost of the latest energy subsidy scheme.
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PoliticsGreek Politics
ND stakes claim on social policy, highlighting referendum anniversary New Democracy has announced that it is launching a debate on social policy, in a move widely interpreted as the unofficial start of a campaign leading up to early elections in the autumn.
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PoliticsGreek Politics
Handling of energy crisis under fire as gas interruption tests supply security The government continued to face criticism for its response to the energy crisis on the day it announced an extension of its fuel voucher scheme. Opposition parties are calling for more radical measures, as an interruption of gas supplies from Russia is set to provide a first crash test of the country’s energy security planning.
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EconomyMacroeconomy
Import price index posts record rise of 39.1 pct in Apr, driven by energy Greece’s import price index continued at an accelerated pace in April, posting another solid rise of 39.1 percent year-on-year (YoY), from 34.6 percent in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
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PoliticsGreek Politics
New energy subsidy scheme nearing launch as public remains sceptical The government submitted to Parliament on Tuesday an amendment paving the way for the latest energy subsidy scheme to be launched in the coming weeks, a programme New Democracy hopes will assuage the public and win back some of the support it has lost over the last few months as the cost-of-living crisis has gripped Greek households.
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PoliticsGreek Politics
Scant recognition of energy crisis in draft climate law, but EU package may force tougher targets Greece’s first climate law made its way to Parliament this week, with only minor changes in light of public consultation and the unfolding energy crisis. The legislation was tabled on the same day that the European Commission presented its REPowerEU package aimed at cutting dependence on Russian fossil fuels.
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PoliticsForeign Policy
Athens buoyed by content, mood of Mitsotakis trip to Washington Greek officials seem very satisfied with the results of Prime Minister Kyriakos Mitsotakis’s trip to Washington, which gave the Greek leader an opportunity to raise a wide range of issues.
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PoliticsGreek Politics
Govt finds devil is in detail for windfall tax on power companies Prime Minister Kyriakos Mitsotakis’s pledge to tax the “windfall” profits of power companies appeared to provide a neat solution to aspects of the ongoing energy crisis, however as details emerge it is becoming a source of more political controversy.